Mike (Mish) Shedlock | Dec 02, 2016 03:44AM ET
Amazon.com (NASDAQ:AMZN) sports some pretty startling numbers. Let’s dive into various reports for a close look.
Amazon captured 31% of online spending over Cyber Weekend.
CNBC reports Amazon captured 31% of online spending over Cyber Weekend.
According to new data by Slice Intelligence, which scanned more than 1 million online shopping receipts from Thanksgiving through Cyber Monday, Amazon accounted for 30.9 percent of sales. It was followed by Best Buy (NYSE:BBY) at 7.4 percent, Target at 4.4 percent, and Wal-Mart (NYSE:WMT) at 4.1 percent.
h3 Amazon Prime/h3Barrons reports Amazon Prime Grows to 50 Million Members.
Amazon’s Prime membership is up 23% from a year ago, according to new data from Cowen & Co.
Amazon.com doesn’t disclose its Prime membership count, so Cowen bases its estimate off a panel of 2,500 U.S. consumers. Some 45% of that panel now has Prime, which translates to 49.5 million total consumers, Cowen estimates, up 23% from a year ago, when the firm estimated 40 million Prime subscriptions.
Prime costs $99 a year. It gives Amazon shoppers free two-day shipping, plus free access to the company’s growing library of streaming TV and music.
Other Data from Cowen’s Report
The Chicago Tribune reports Cyber Monday sales spike 9.4%, early data show.
Tech Crunch reports Black Friday online sales to hit a record-breaking $3 billion, over $1 billion from mobile.
In 2015 Amazon accounted for 60% of U.S. online sales growth.
h3 Amazon Share Price StatsAmazon.com Inc (NASDAQ:AMZN). generated about 60% of total U.S. online sales growth in 2015 far outpacing the competition, according to data compiled by Forrester Research.
The retail giant tallied $23 billion more in U.S. e-commerce sales in 2015 than 2014, the report found.
“Amazon makes up a larger percentage of e-commerce in the U.S. than any other player, and its retail growth has outpaced overall online retail,” Forrester Research wrote in a recent report, titled “U.S. Online Retail Forecast: 2015 to 2020.”
Good companies don’t necessarily make good stocks.
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